Western Digital’s stock price surged 8.6% after the board approved a $4 billion share buyback and the company revealed an AI-focused storage roadmap. Recent quarterly earnings also surpassed expectations, reinforcing the “memory supercycle” thesis. Despite positive sentiment and analyst upgrades, risks include insider selling and minimal dividend yield, with the memory/storage sector experiencing elevated volatility.
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Western Digital (NASDAQ:WDC) Stock Price Up 8.6% - Should You Buy?
Western Digital’s stock price surged 8.6% after the board approved a $4 billion share buyback and the company revealed an AI-focused storage roadmap. Recent quarterly earnings also surpassed expectations, reinforcing the “memory supercycle” thesis. Despite positive sentiment and analyst upgrades, risks include insider selling and minimal dividend yield, with the memory/storage sector experiencing elevated volatility.